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November 22, 2022
ATLANTIC CITY, N.J. (AP) — Two Philadelphia developers want to build a $3 billion housing, office and retail project on the site of a historic former airport in Atlantic City, the latest proposal for one of the largest tracts of buildable land near the ocean on the U.S. East Coast.
But the proposal by Tower Investments and Post Brothers unveiled on Monday faces competition from a previously announced, auto-centric project endorsed by Atlantic City's mayor, who says developer DEEM Enterprises is about to sign a memorandum of understanding regarding the project “imminently.”
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